Wednesday July 10th, 2013 - 3:55PM
MOSCOW—Hyatt Hotels Corp., via an affiliate, entered into a management agreement with Istra-Kurort, LLC, a Russian real estate development company, for a Hyatt Regency hotel here.
Expected to open in 2017, Hyatt Regency Moscow Istra Resort will join the Ararat Park Hyatt Moscow, which is already open.
Located on the shores of the Istra Reservoir, the hotel will feature 168 guestrooms and 52 extended-stay apartments, as well as a conference center with a 3,760-sq.-ft, ballroom, a spa and a fitness center with indoor and outdoor pools.
The hotel will offer multiple food and beverage outlets, including an all-day-dining restaurant and a bar, lobby lounge and a specialty restaurant with a view of the reservoir.
“Establishing our brand’s presence in key gateway cities like Moscow is an integral part of our strategy to drive guest preference for Hyatt-branded hotels in Russia, a market that continues to experience strong growth in visitor numbers,” said Peter Norman, SVP, real estate and development for Hyatt Hotels & Resorts.